Technical Analysis

EURUSD trades back near unchanged in up and down day

Sellers can’t keep control

The EURUSD is trading above and below the unchanged (at 1.1173). The sellers made a push below a swing area at 1.1164-66, but could not sustain the momentum.  A move below a lower trend line on the hourly also failed.  Sellers covered.  

The high today – reached in the London morning session) stalled at the broken 61.8% at 1.11835.

There are red bars and green bars in the price action today.  Watch 1.11646 below and 1.11835 above.  We sit in the middle.  

ForexLive

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